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Trustco’s Sierra Leone venture unearths 476 carat diamond

Trustco’s Sierra Leone venture unearths 476 carat diamond

Trustco Resources last week Friday announced that Meya Mining in which the diversified group holds 51% of the shares, discovered a 476 carat diamond at its mine in Sierra Leone. According to the official announcement Trustco made on the Stock Exchange News Service, this diamonds ranks as the 29th largest diamond to be unearthed.

The remaining 49% shares are held by Germinate Sierra Leone, the original holder of the exploration licence.

Trustco stated that the diamond was discovered in an area spanning from the Kamara Gbense to the Tankoro chiefdoms in Kono District, Sierra Leone. Meya Mining holds a four-year exclusive diamond exploration license over the Kono District.

The SENS announcement said an initial assessment indicates that this find is the 29th largest diamond ever discovered and any value indication of the diamond is pure speculation at this stage as the diamond has not yet been examined and assessed by the necessary experts.

It is Meya’s intention to sell the diamond through an international auction,” the announcement further read.

Adding to the mining outfit’s fortunes, Trustco revealed that two more extraordinary diamonds of 19.7 carats and 27.93 carats respectively were found on the same day in its licensed Kono acreage. This prompted Meya Mining to compile a new Resource Statement for the Kono district.

Celebrating the massive diamond, pictured from the left, the COO of Meya Mining, Dino Coutinho; the Sierra Leone Deputy Minister of Mines and Mineral Resources, Hon Abdul Ignosi Koroma; the CEO of Trustco Resources and CEO of Meya Mining, Jan Joubert; the Director General of the Sierra Leone National Minerals Agency, Sahr Wonday and a Director of Meya Mining and CEO of Germinate SL Limited, Ibrahim Sorie Kamara.


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Musa Carter

Musa Carter is a long-standing freelance contributor to the editorial team and also an active reporter. He gathers and verifies factual information regarding stories through interviews, observation and research. For the digital Economist, he promotes targeted content through various social networking sites such as the Economist facebook page (/Nameconomist/) and Twitter.